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Top 5 Marijuana Stocks for 2019
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Meats Futures Prices

Wed, Apr 24th, 2019
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Futures Market News and Commentary

Lean Hogs Mixed at Midday

Lean Hog futures are mixed at midday, with nearby contracts higher and deferred contracts lower. The CME Lean Hog Index was up another 53 cents from the previous day @ $82.07 on April 22. The USDA pork carcass cutout value was 87 cents higher in the Wednesday morning report, at $89.79. The national average base hog was at $80.57 on Wednesday, UNCH from the day prior. Estimated FI hog slaughter for this week is 799,000 head through Tuesday. That was down from last year and the week prior due to Monday’s plant down time. May 19 Hogs are at $88.825, up $1.000, Jun 19 Hogs are at $92.500, up $0.125 Jul 19 Hogs are at $97.175, down $0.025 --provided by Brugler Marketing & Management
Cattle Market Showing Sharp Losses on Wednesday

Live cattle futures are posting sharp $1.35 to $2.45 losses at midday. Feeder cattle futures are also sharply lower on Wednesday, down $2.85 to $3.25. The CME feeder cattle index was down 13 cents to $145.84 on April 22. Wholesale boxed beef prices were lower on Wednesday morning. Choice boxes were down 40 cents at $233.71, with Select boxes 14 cents lower @ $221.12. USDA estimated this week’s FI cattle slaughter at 236,000 head through Tuesday. That was down 6,000 head from the week prior and even with the same week last year. Wednesday’s FCE online auction saw one lot of 124 head sold for $127, with the other 3 lost unsold and asks of $127.75-128. Apr 19 Cattle are at $126.975, down $1.350, Jun 19 Cattle are at $118.675, down $2.450, Aug 19 Cattle are at $116.150, down $2.050, May 19 Feeder Cattle are at $146.600, down $3.025 Aug 19 Feeder Cattle are at $156.450, down $3.250 Sep 19 Feeder Cattle are at $157.600, down $3.250 ---provided by Brugler Marketing & Management
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